Question

i dont under stand what im doing wrong with this iv been doing the inputes but it keeps coming out wrong

bus Homework: Chapter 11 Assignment Save les 23 of 25 (20 complete) HW Score: 59.5%, 41.05 of 69 pts Score: 0.75 of 3 pts W E11-24 (similar to) Question Help Ess Planner The following financial information was obtained from the year ended 2018 income statements for Luigi Automotive and Stanley Automotive: (Click the icon to view the financial information.) band ering se Materials Requirements 1. Compute the times-interest-earned ratio for each company. Round to two decimals 2. Which company was better able to cover its interest expense? Requirement 1. Compute the times-interest-earned ratio for each company. Round to two decimals. Begin by showing the formula for the times-interest-earned ratio. Times-interest-earned ratio = (Net income + Income tax expense + Interest expense) / Interest expense Now calculate the times-interest-earned ratio for each company. (Round the ratios to two decimal places, XXX.) Luigi Stanley Times-interest-earned ratio = i Data Table $ Net income Income tax expense Interest expense Luigi 48,970 $ 17,380 500 Stanley 57,680 15,000 2,300 Print Done Enter any number in the edit fields and then click Check Answer.

Answer 1

Times interest earned

	Luigi	Stanley
Income before interest and tax	66850	74980
Interest expense	500	2300
Time interest earned	133.70	32.60

Luigi is in better condition